401(k) millionaire To be a 401(k) millionaire, it takes money smarts. (Photo: Shutterstock)

Plan sponsors and HR benefits managers might want to clue in employees on some of the savings strategies used by women who’ve managed to save a million or more in their 401(k)s.

The Motley Fool reports that according to Fidelity Investments, the percentage of women with $1 million or more invested in their 401(k) has doubled over the last 12 years—from just under 10 percent in 2005 to 20 percent in 2017—and these savvy women had some productive strategies to get those balances up.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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